Asset Management One Co. Ltd. Sells 10,773 Shares of Bunge Global SA (NYSE:BG)

Asset Management One Co. Ltd. lowered its position in Bunge Global SA (NYSE:BG - Free Report) by 12.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,248 shares of the basic materials company's stock after selling 10,773 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Bunge Global worth $5,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BG. State Street Corp lifted its holdings in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after purchasing an additional 500,897 shares during the last quarter. Geode Capital Management LLC increased its position in Bunge Global by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock valued at $329,697,000 after buying an additional 45,159 shares in the last quarter. Pacer Advisors Inc. raised its stake in Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after buying an additional 2,934,656 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bunge Global by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company's stock worth $139,608,000 after acquiring an additional 50,615 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of Bunge Global by 2.0% during the third quarter. abrdn plc now owns 608,837 shares of the basic materials company's stock valued at $58,990,000 after acquiring an additional 11,808 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BG. Morgan Stanley cut their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Stock Performance

BG stock traded up $1.86 on Friday, hitting $73.12. The company had a trading volume of 2,079,511 shares, compared to its average volume of 1,634,853. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 2.56 and a beta of 0.69. The stock's 50-day simple moving average is $76.49 and its 200 day simple moving average is $87.40.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.